Some Ghanaian exporters have expressed fear over the continual appreciation of the cedi towards the US greenback, warning that the development might negatively impression their inflows and income margins.
Their concern, is coming at time, the native unit has been named the world’s best-performing foreign money, having appreciated practically 16% towards the US greenback since April 2025.
Talking on Enterprise Dwell on the Pleasure Information channel, an exporter George Kporye, mentioned a secure trade fee would assist to spice up their income margins and make sure the sustainability of their companies.
“I imply all of us need stability, all companies need stability. And that’s what enterprise requires. I believe on the acceptable time, when this development continues there could be the necessity to present some stability for companies”.
He expressed considerations the sharp appreciation of the cedi strengthens will make the export of products much less aggressive for Ghanaians.
Mr. Kporye additional known as on authorities and the Financial institution of Ghana to take measures to stabilize the foreign exchange market to assist exporters in planning.
“Authorities must discover methods and technique of cushioning exporters from this vital drop of their revenue”.
In current weeks, the cedi has recorded vital beneficial properties towards main buying and selling currencies. The interbank fee at the moment stands at GH¢13.29 to the US greenback, a notable enchancment from over GH¢16 earlier this yr.
As of the newest examine, it was buying and selling at GH₵13.70 to the greenback a big enchancment that has introduced a way of aid and cautious optimism throughout the nation. This had drawn reward from companies and policymakers alike.
The Ghana Union of Merchants Affiliation (GUTA) has directed its members to scale back costs of their items as a direct response to the spectacular run of the cedi over the previous few weeks.
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